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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net income $ 9,472 $ 9,172 $ 10,211
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 2,083 2,277 433
Depreciation and amortization 1,179 1,309 1,467
Net premium amortization on investment securities 4,012 2,930 1,591
Deferred income tax (benefit) expense (290) 283 46
Gains on sales of mortgage loans (358) (515) (266)
Gains on sales of mortgage loans held for investment transferred to held for sale 0 (33) (18)
Proceeds from sales of mortgage loans originated for resale 10,159 19,791 11,256
Originations of mortgage loans originated for resale (12,928) (18,251) (12,141)
Gains on sales of investment securities (1,764) (2,131) (2,756)
Impairment charges on equity securities 0 14 0
Net losses (gains) on sales of foreclosed real estate held for resale, including write-downs 196 34 (28)
Decrease (increase) in accrued interest receivable 169 (773) 303
Earnings on investment in bank owned life insurance (651) (664) (680)
Gains from bank-owned life insurance proceeds (458) 0 0
Losses on disposals of premises and equipment 1 31 30
Decrease (increase) in other assets 233 (1,191) 375
Amortization of investment in real estate ventures 176 167 159
Increase (decrease) in accrued interest payable 45 (17) 7
Increase (decrease) in other liabilities 477 (2,148) (2,913)
NET CASH PROVIDED BY OPERATING ACTIVITIES 11,753 10,285 7,076
INVESTING ACTIVITIES      
Proceeds from sales of investment securities available-for-sale 76,759 111,799 195,847
Proceeds from maturities and redemptions of investment securities available-for-sale 21,449 21,759 37,443
Purchases of investment securities available-for-sale (100,084) (175,427) (217,140)
Proceeds from maturities and redemptions of investment securities held-to-maturity 22 1,030 16
Net increase in time deposits with other banks 0 0 (1,482)
Net change in restricted investment in bank stocks 265 (434) (547)
Net increase in loans (4,245) (34,397) (41,347)
Proceeds from sales of mortgage loans held for investment transferred to held for sale 0 940 834
Proceeds from bank-owned life insurance 1,291 0 0
Purchase of premises and equipment (383) (544) (664)
Purchase of investment in real estate ventures (1,178) (590) 0
Proceeds from sales of foreclosed assets held for resale 223 21 715
NET CASH USED IN INVESTING ACTIVITIES (5,881) (75,843) (26,325)
FINANCING ACTIVITIES      
Net increase (decrease) in deposits 5,384 59,036 (28,513)
Net (decrease) increase in short-term borrowings (11,249) 7,416 4,890
Proceeds from long-term borrowings 10,000 5,000 30,000
Repayment of long-term borrowings (5,116) (107) (5,090)
Common stock issued 1,319 1,252 1,121
Proceeds from issuance of treasury stock 0 37 0
Dividends paid (6,090) (6,035) (5,815)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (5,752) 66,599 (3,407)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 120 1,041 (22,656)
CASH AND CASH EQUIVALENTS, BEGINNING 9,008 7,967 30,623
CASH AND CASH EQUIVALENTS, ENDING 9,128 9,008 7,967
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Interest paid 5,237 4,983 4,445
Income taxes paid 634 2,631 2,324
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES      
Purchased securities settling after period end 0 0 2,327
Loans transferred to foreclosed assets held for resale 220 1,472 262
Loans transferred (from) to held for sale portfolio (4,881) 730 1,047
Common stock subscription receivable $ 0 $ 36 $ 19